SG Americas Securities LLC Sells 182,530 Shares of Kite Realty Group Trust $KRG

SG Americas Securities LLC cut its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 77.4% during the 1st quarter, HoldingsChannel reports. The fund owned 53,343 shares of the real estate investment trust’s stock after selling 182,530 shares during the quarter. SG Americas Securities LLC’s holdings in Kite Realty Group Trust were worth $1,310,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KRG. AQR Capital Management LLC boosted its stake in shares of Kite Realty Group Trust by 32.2% in the 1st quarter. AQR Capital Management LLC now owns 80,984 shares of the real estate investment trust’s stock valued at $1,797,000 after purchasing an additional 19,731 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Kite Realty Group Trust by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 129,314 shares of the real estate investment trust’s stock worth $2,893,000 after purchasing an additional 5,666 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Kite Realty Group Trust by 118.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 740 shares during the last quarter. California Public Employees Retirement System lifted its stake in Kite Realty Group Trust by 14.5% in the second quarter. California Public Employees Retirement System now owns 385,476 shares of the real estate investment trust’s stock worth $8,731,000 after purchasing an additional 48,935 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Kite Realty Group Trust by 3.2% during the second quarter. Daiwa Securities Group Inc. now owns 77,577 shares of the real estate investment trust’s stock valued at $1,757,000 after buying an additional 2,386 shares during the period. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Stock Performance

Kite Realty Group Trust stock opened at $28.64 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.05. The firm has a market cap of $5.82 billion, a P/E ratio of 21.54, a P/E/G ratio of 4.05 and a beta of 0.85. Kite Realty Group Trust has a 1-year low of $20.86 and a 1-year high of $29.40. The firm has a 50-day moving average of $27.44 and a 200-day moving average of $25.62.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $200.70 million for the quarter, compared to the consensus estimate of $198.37 million. Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. Sell-side analysts expect that Kite Realty Group Trust will post 2.09 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 9th will be issued a $0.29 dividend. The ex-dividend date is Thursday, July 9th. This represents a $1.16 annualized dividend and a yield of 4.0%. Kite Realty Group Trust’s payout ratio is 87.22%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on KRG shares. Wall Street Zen cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. UBS Group reissued a “neutral” rating and issued a $28.00 target price (up from $25.00) on shares of Kite Realty Group Trust in a research note on Monday, May 18th. Jefferies Financial Group upgraded Kite Realty Group Trust to a “hold” rating in a report on Friday, June 26th. Wells Fargo & Company restated an “overweight” rating and set a $29.00 price target (up from $28.00) on shares of Kite Realty Group Trust in a research report on Tuesday, May 26th. Finally, LADENBURG THALM/SH SH lifted their price target on Kite Realty Group Trust from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.43.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.